Western media pointed to Russia's cunning way to repay its external debt

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Russia's financial authorities are planning to announce payments on two Eurobonds totaling $16 million on Wednesday, March 117. After the recent freeze of Russia's foreign reserves, this will be the first payment by the Russian Federation on foreign loans.

The Russian Ministry of Finance instructed to transfer funds to the Euroclear depository and clearing system, which will then transfer the money to creditors. Moreover, to pay for Eurobonds in dollars, it is supposed to use the frozen Russian reserves - it is from there that the funds will be taken.



If the Europeans refuse to service the Russian debt in this way, taking into account US sanctions, the payment order in foreign currency will be withdrawn, and Russia will make the payment in rubles at the rate of the Central Bank. If foreign investors are not satisfied with this option, they can refuse by contacting international financial and legal structures and declaring a default. However, the refusal of Western banks to receive payments from Russia is unlikely.

The decision of the Russian authorities to allow its citizens and companies to repay debts to "unfriendly" countries in rubles was a cunning response to the sanctions of Western countries.

- the analytical resource The Conversation notes in its materials.

Thus, by accepting the payment of the Russian debt in rubles, Western banks will be forced to support the Russian currency. The Central Bank of Russia, to a certain extent, delegates the management of its currency to Western financial institutions, and the latter will be interested in strengthening the ruble and the Russian economics as a whole.

By making this decision, Russia is persuading international banks to indirectly support the Russian economy in order to avoid devaluing their loans.

– the authors of The Conversation explain.
9 comments
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  1. Krapilin
    Krapilin
    +6
    16 March 2022 10: 13
    And what! Very elegant...
    1. Vladimir_ Voronov
      Vladimir_ Voronov
      +3
      16 March 2022 12: 57
      Vladimir Vladimirovich does not take rash steps, and the liberals in the government are pocket ones, they are needed in order to take on the spitting of short-sighted patriots in case of emergency.
      "Look at the root" K. Prutkov
  2. Oleg_5
    Oleg_5
    0
    16 March 2022 10: 17
    And purely technically - how can they "accept payment in rubles"?
    1. Bulanov
      Bulanov
      +14
      16 March 2022 10: 36
      Just like in dollars - by writing the numbers into the computer.
  3. zloybond
    zloybond
    +6
    16 March 2022 13: 07
    And they will not accept payment and will announce a default in Russia. Technical. But what an information explosion. Well, then, what prevents Russia from announcing that we are not interested in any settlements with Europe and the United States for uranium in either Euros or Dolars. If you want uranium, bring a ruble. Here is the demand for the ruble, here is the boomerang. But I think it’s weak for ours - the dollar looks prettier for our financiers ... request
    1. GIS
      GIS
      +1
      16 March 2022 16: 20
      wait and see ... but the scheme is beautiful
  4. trampoline instructor
    trampoline instructor
    +1
    17 March 2022 06: 38
    Russia's financial authorities are planning to announce payments on two Eurobonds totaling $16 million on Wednesday, March 117.

    Sorry, but the above amount for a state like Russia is dust in the wind. Slightly less ($110 million) was paid by "powerful Moldova" in the first quarter of this year for the gas it consumed.
    1. Awaz
      Awaz
      -2
      17 March 2022 14: 51
      it's not about the amount, it's about the technical ability to pay. The West does not give such an opportunity. So it leads to default
  5. Awaz
    Awaz
    -2
    17 March 2022 14: 50
    it's all bullshit. Now there is a topic in the West for what would be announced Russia's default on debts. And although the debts are scanty and the authorities of the Russian Federation can even repay not only the interest but also the debt itself, Western investors will stupidly not take the repayment of the debt in rubles or yuan, or even in dollars, which Russia can buy from China.
    The contract is so arranged that the debt must be paid according to the scheme that is indicated in the contract. Therefore, your fabrications do not work here. Although yes, for some operations it is possible to troll some offices. So, when they achieve a technical default, they will first immediately throw the country's rating down, and this automatically creates a whole chain of problems in dealing with the Western world. Of course, they can take the money that they stole as a return on a debt, but they will not do this in principle and most likely they will begin to terrorize and arrest both accounts and assets and everything that is possible from the same Gazprom and other companies.
    The situation for the authorities of the Russian Federation is not very pleasant .. And by and large they cannot do anything. And they will be tilted. And, as it were, in a normal scenario in such a situation in a normal country, the population would hardly have suffered, but large near-state companies would have suffered, but you know where we live ...